Market Trends of Africa Ruminant Feed Premix Industry
This section covers the major market trends shaping the Africa Ruminant Feed Premix Market according to our research experts:
Growth in Compound Feed Industry
According to the AllTech feed 2019 survey, Africa has seen a 5% increase in the overall feed production, particularly morocco seeing a holistic increase in feed production across all the species. The overall growth in the region was constituted by the ruminant and poultry sector. The industry is driven by factors such as increasing meat consumption across the globe and growth in the processed meat industry due to an increase in the income of the middle-class population in developing countries. Demand for the high-quality compound feed from the livestock industry due to increased industrial production of meat and dairy products has elicited the growth in consumption of the compound feed and feed additives. The large scale producers and meat manufacturers use the additive premixes to ensure a steady supply of nutrients to the animals, enhance production and performance. Hence this trend is further anticipated to increase the demand for feed premix in the region.
Increased Meat Consumption is Driving the Market
Food safety has become a paramount issue for many governments around the world, especially in Africa. Consumers are currently more aware and they give importance to the external, as well as nutritional quality attributes of the meat they consume. The animals often stand in their own waste and are under constant stress that affects their immune system, thus, making them prone to infection. In such situations, farmers opt for feed premixes to reduce the spread of diseases. The use of feed premix with enzymes and vitamins provides balanced nutrition to animals and protects them against harmful environmental influences. Increased meat consumption and production in the region tend to increase the demand for feed premix for quality feed production and usage taking the quality and safety consideration among the countries.
